Global Smart Food Logistics Market Size To Worth USD 39.23 Billion By 2033 | CAGR of 13.33%
Category: Food & BeveragesGlobal Smart Food Logistics Market Size To Worth USD 39.23 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Smart Food Logistics Market is to Grow from USD 11.22 Billion in 2023 to USD 39.23 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 13.33% during the projected period.
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Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on the "Global Smart Food Logistics Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware and Software), By Technology (Cold Chain Monitoring, Asset Tracking, Fleet Management, and Transportation Management System), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/smart-food-logistics-market
Smart food logistics is a component of the food supply chain that enables food producers, sellers, and other food logistics to better coordinate shipment. The smart food supply chain can enable highly efficient food production and distribution, hence driving the growth of the smart food logistics industry. The use of automation technologies like as robotics and AI-powered systems makes activities like harvesting, sorting, packing, and distribution easier, cutting labor costs while boosting efficiency. This will accelerate the expansion of the smart food logistics industry. The Food Supply Chain (FSC) aims to minimize logistics and production costs by integrating and regulating capital and information flows, which is the key driving factor behind the expansion of the worldwide smart food logistics industry. However, a lack of transparency could hinder market growth.
The software sector holds the biggest market share over the projection period.
Based on the components, the global smart food logistics market is divided into hardware and software. Among these, the software sector holds the biggest market share over the projection period. Software adoption enables firms to be more flexible and mass-customize their products and services. As the number of data analysis and management experts increases, the supply chain might evolve into a service. IoT-enabled transportation management software has emerged as a key driver of the segment's growth.
The cold chain monitoring segment holds the biggest market share over the predicted period.
Based on the technology, the global smart food logistics market is divided into cold chain monitoring, asset tracking, fleet management, and transportation management systems. Among these, the cold chain monitoring segment holds the biggest market share over the predicted period. It requires overseeing a temperature-controlled supply chain, which is frequently used to help secure and extend the shelf life of commodities that need considerable transit. Cold chain monitoring is the process of managing and tracking temperature and humidity levels in temperature-sensitive products throughout storage and transit. A cold chain monitoring system transmits real-time temperature information from commodities to a centralized software platform.
North America is having the biggest share of the global smart food logistics market over the forecast period.
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North America's AI in supply chains is expanding because to the existence of developed economies like as the United States and Canada, who are concentrating on upgrading current supply chain solutions, the widespread adoption of modern technology, and the presence of key companies. Furthermore, the government's push for the use of technology to control supply chain waste, as well as increased concern about waste reduction and resource optimization, are propelling market expansion in the area.
Asia-Pacific is predicted to grow fastest pace throughout the forecast period. The government's measures to improve the country's logistics infrastructure are fueling industry growth. The federal government announced the establishment and promotion of a modern logistics system to bolster a new growth pattern.
Major vendors in the global smart food logistics market include, Kii Corporation, Hacobu Co., Ltd, Teletrac Navma, Monnit Corporation, Controlant, Samsara Networks, Inc, Seaos, Nippon Express co. ltd, YUSEN LOGISTICS CO. LTD, Orbcomm, Sensitech, Berlinger & Co. AG, Geotab Inc, and Others.
Recent Developments
- In July 2024, Dubai announced to development of the world's largest food trade logistics center, which helps to strengthen the UAE's food security. The center supports the UAE's efforts to increase food security and grow the whole food value chain, both locally and globally.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global smart food logistics market based on the below-mentioned segments:
Global Smart Food Logistics Market, By Component
- Hardware
- Software
Global Smart Food Logistics Market, By Technology
- Cold Chain Monitoring
- Asset Tracking
- Fleet Management
- Transportation Management System
Global Smart Food Logistics Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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